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Oil prices ease as renewed Iran talks and Saudi exports improve supply
Oil futures traded lower, with Brent down to $104.5 and WTI around $91.5 as Iran talks returned and Saudi export flows recovered.
Oil prices eased after renewed Iran talks reduced immediate supply concerns, while recovering Saudi exports helped temper fears of tight barrels, according to OilPrice.
In Europe, LNG demand is picking up ahead of winter, with imports ramping up after a weaker summer when deliveries came in 30% below 2025 levels.
OilPrice said Europe’s 30-day moving average of LNG imports stood at 267,000 metric tons, highlighting the near-term shift toward winter heating needs.
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